This leaves the Tories 6 short of a majority, with unionist and nationalist support they might just be able to govern without the Lib Dems, which would enable them to avoid a referendum on reform and call another election for the Autumn.

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If that is the outcome, the silver lining in that cloud could be that by Autumn the Tories will have become so unpopular because of spending cuts etc. that they would lose if they called another election. Also, while the other parties are broke, even the Tories don't have unlimited money for campaigning. They might just try to limp on as a minority government. Without a majority they would not be able to push through anything really awful.